$1,150,000
$100K PRICE DROP

Estimated payment $8,645/month

Total Views 14,941
6 Beds
-- Bath
7,002 Sq Ft
$164 Price per Sq Ft

Highlights

  • Wood Flooring
  • Furnished
  • Window Unit Cooling System
  • Boynton Middle School Rated A-
  • Woodwork
  • 5-minute walk to Auburn Park

About This Home

Exceptional Six-Unit Investment Opportunity — This 7,000 SF property stands apart for its focus on meaningful, lasting improvements over cosmetic updates. Over 18 years, the current owner has prioritized major infrastructure upgrades that reduce future maintenance, repair, and capital expenditure costs. Key updates include structural reinforcement, enhanced insulation, complete plumbing and electrical replacements (including individual panels and 200-amp service), and fully code-compliant systems throughout. Kitchens feature durable, residential-grade appliances, dimensional lumber cabinetry, and stainless steel counters designed for decades of use. Bathrooms have been rebuilt with modern plumbing and finishes, while nearly all walls and ceilings have been refinished or replaced. Most windows are new, and the Carriage House boasts double-stud walls with spray foam insulation. Situated in a highly desirable location with consistently low vacancy rates, this thoughtfully upgraded, future-proof property remains a standout investment in Ithaca’s competitive market.

Listing Agent

Kelly Skeval

Howard Hanna S Tier Inc Brokerage Phone: 607-382-1343 License #10401286257 Listed on: 05/07/2025

Howard Hanna S Tier Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,173

Year Built

  • Built in 1903

Lot Details

  • Lot Dimensions are 44x131
  • Rectangular Lot

Home Design

  • Frame Construction
  • Asphalt Roof
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 6 Bedrooms
  • 7,002 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Woodwork
  • Ceiling Fan
  • Drapes & Rods

Kitchen

  • Gas Cooktop
  • Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile
  • Luxury Vinyl Tile
  • Vinyl

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Exterior Basement Entry

Parking

  • No Garage
  • Driveway

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Windows
  • Energy-Efficient Lighting

Schools

  • Fall Creek Elementary School

Utilities

  • Window Unit Cooling System
  • Zoned Heating and Cooling
  • Heating System Uses Gas
  • Baseboard Heating
  • Hot Water Heating System
  • PEX Plumbing
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 500700-028-000-0006-017-000-0000

Community Details

Overview

  • Association fees include all utilities, common area maintenance, electricity, heat, hot water, snow removal, trash collection, water
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • 1 Separate Electric Meter
  • 1 Separate Gas Meter
  • Operating Expense $97,729
  • Gross Income $155,700
  • Net Operating Income $29,798

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,173

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Sub Type: Other
  • Prop. Type: Multi Family
  • Lot Size: 44X131
  • Road Frontage Type: City Street
  • Garage Yn: No
  • Efficiency: Appliances, Lighting, Windows
  • Building Stories: 3
  • Year Built Details: Existing
  • Year Built: 1903
  • Property Sub Type Additional: Other
  • Attribution Contact: 607-382-1343
  • Special Features: None
  • Stories: 3
  • Year Built: 1903

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Exhaust Fan, Freezer, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Refrigerator, Range Hood, Washer
  • Owner Pays: All Utilities, Electricity, Grounds Care, Heat, Hot Water, Snow Removal, Trash Collection, Water
  • Has Basement: Exterior Entry, Full, Walk-Up Access, Walk-Out Access
  • Basement YN: Yes
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Hardwood, Luxury Vinyl, Varies, Vinyl
  • Interior Amenities: Ceiling Fan(s), Natural Woodwork, Window Treatments
  • Living Area: 7002.0
  • Stories: 3
  • Window Features: Drapes

Exterior Features

  • Lot Features: Rectangular, Rectangular Lot, Residential Lot
  • Waterfront: No
  • Construction Type: Frame, Stucco, Copper Plumbing, PEX Plumbing
  • Exterior Features: Blacktop Driveway
  • Property Condition: Resale
  • Roof: Asphalt

Garage/Parking

  • Parking Features: None, No Garage

Utilities

  • Laundry Features: Common Area
  • Cooling: Zoned, Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Gas, Zoned, Baseboard, Electric, Hot Water
  • Heating Yn: Yes
  • Electric: Circuit Breakers
  • Sewer: Connected
  • Utilities: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No
  • HOA Rent Includes: All Utilities, Common Area Maintenance, Electricity, Heat, Hot Water, Snow Removal, Trash Collection, Water

Schools

  • Elementary School: Fall Creek Elementary
  • Junior High Dist: Ithaca

Lot Info

  • Parcel #: 500700-028-000-0006-017-000-0000

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 155700.0
  • Property Net Operating Income: 29798.0
  • Annual Operating Expense: 97729.0
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1

Tax Info

  • Tax Annual Amount: 28173.0

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2025 07/28/25 Price Changed $1,150,000 -8.0% $164 / Sq Ft
05/07/2025 05/07/25 For Sale $1,250,000 -- $179 / Sq Ft
Source: Ithaca Board of REALTORS®

Similar Homes in the area

  • 104, 110, 116 Buttermilk Falls Rd E, Ithaca-Town, NY 14850

    $1,490,000

    • 8 Beds
    • 6 Baths
    • 3,000 Sq Ft
    • 104, 110, 116 Buttermilk Falls Rd E
    • Ithaca-Town, NY

    ** Spectacular Property at the base of BUTTERMILK FALLS State Park ** Located in the Town of Ithaca. This unique offering consists of three separate parcels totaling 4.11 acres of breathtaking land, directly across from the stunning lower falls. The property includes two residential homes, and a large storage building. Tax ID's: 38.-1-1, 38.-1-2, 38.-1-3. The crown jewel is the charming Farm

    Jolene Rightmyer-Macolini Berkshire Hathaway HomeServices Heritage Realty

    Section Image
  • 411 Dryden Rd, Ithaca, NY 14850

    $1,050,000

    • 8 Beds
    • 3 Baths
    • 4,283 Sq Ft
    • 411 Dryden Rd
    • Ithaca, NY

    This property rests the heart of Ithaca's vibrant Collegetown neighborhood, this exceptional multi-family property offers a rare combination of prime location and solid investment potential. Just steps from Cornell University, this well-appointed 8-bedroom, 3-bathroom residence stands as a testament to quality craftsmanship and thoughtful design.The sturdy construction provides a

    David Wahl Warren Real Estate of Ithaca Inc. (Downtown)

    Section Image
  • 301 Cornell St, Ithaca, NY 14850

    $1,425,000

    • 5 Beds
    • 2,256 Sq Ft
    • 301 Cornell St
    • Ithaca, NY

    This rare offering features an up/down duplex and a three-unit building, all on one parcel, perfectly positioned near Cornell's bustling campus. Boasting five total units, the property promises steady rental income with strong tenant demand. Each unit is well-maintained, offering a mix of spacious layouts. Ample off-street parking ensures tenant convenience, while on-site laundry adds extra

    Kyle Steele Howard Hanna S Tier Inc

    Section Image

Source: Ithaca Board of REALTORS®

MLS Number: R1604901